Goldman Sachs BDC (GSBD) Lags Q4 Earnings and Revenue Estimates

29.02.24 01:00 Uhr

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Goldman Sachs BDC (GSBD) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.51%. A quarter ago, it was expected that this specialty finance company would post earnings of $0.57 per share when it actually produced earnings of $0.64, delivering a surprise of 12.28%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Goldman Sachs BDC, which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $115.4 million for the quarter ended December 2023, missing the Zacks Consensus Estimate by 1.44%. This compares to year-ago revenues of $106.5 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Goldman Sachs BDC shares have added about 6.3% since the beginning of the year versus the S&P 500's gain of 6.5%.What's Next for Goldman Sachs BDC?While Goldman Sachs BDC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Goldman Sachs BDC: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.57 on $117.07 million in revenues for the coming quarter and $2.22 on $461.97 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - SBIC & Commercial Industry is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Fidus Investment (FDUS), has yet to report results for the quarter ended December 2023. The results are expected to be released on February 29.This closed-end investment company is expected to post quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year change of +9.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Fidus Investment's revenues are expected to be $32.83 million, up 19.5% from the year-ago quarter.Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Goldman Sachs BDC, Inc. (GSBD): Free Stock Analysis Report Fidus Investment Corporation (FDUS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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16.01.2024Goldman Sachs BuyJefferies & Company Inc.
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17.10.2023Goldman Sachs Sector PerformRBC Capital Markets
17.10.2023Goldman Sachs OverweightJP Morgan Chase & Co.
17.10.2023Goldman Sachs BuyUBS AG
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16.01.2024Goldman Sachs BuyJefferies & Company Inc.
16.01.2024Goldman Sachs BuyUBS AG
17.10.2023Goldman Sachs OverweightJP Morgan Chase & Co.
17.10.2023Goldman Sachs BuyUBS AG
25.01.2023Goldman Sachs OutperformCredit Suisse Group
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17.10.2023Goldman Sachs Sector PerformRBC Capital Markets
18.01.2022Goldman Sachs NeutralUBS AG
13.07.2021Goldman Sachs Sector PerformRBC Capital Markets
19.01.2021Goldman Sachs Sector PerformRBC Capital Markets
14.10.2020Goldman Sachs Sector PerformRBC Capital Markets
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19.10.2017Goldman Sachs SellSociété Générale Group S.A. (SG)
24.02.2017Goldman Sachs SellJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
10.01.2017Goldman Sachs SellCitigroup Corp.
06.05.2016Goldman Sachs SellSociété Générale Group S.A. (SG)
01.03.2016Goldman Sachs SellSociété Générale Group S.A. (SG)

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